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Libya oil supply summary

Report summary

Production in Libya has been massively disrupted since the outbreak of civil war in early 2011. Prior to this production was averaging around 1.6 million b/d of crude oil and 130,000 b/d of condensate/NGLs. As the fighting escalated IOCs evacuated expatriate staff and most of the key foreign workers fled the country. Production was effectively shut-in for six months, oil company offices and compounds were looted and, and sporadic damage to oil infrastructure occurred, although the fears...

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Libya oil supply summary PDF - 1.42 MB 14 Pages, 4 Tables, 6 Figures

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream supply issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream supply report is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

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Country report | Feb 2015

Libya oil supply summary

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